Once you assess the likelihood and impact of each risk, you will be able to prioritize and prepare for them accordingly. (Hence why risk matrices are often called risk heatmaps.) You may also come across risk heatmaps that use different shades of one color instead of red-yellow-green. ![]() To denote the threat level, many risk maps feature a red-yellow-green color-coding that indicates whether risks are significant-, moderate- or low-level concerns respectively. In short, when the likelihood increases, the risk moves to the right if the impact increases, then the risk moves up. On the opposite side, in the top-right corner, the likelihood and the impact are the highest. The bottom-left corner of the matrix is where the likelihood and impact of a risk occurring are very low. The higher a risk ranks for these two factors, the bigger threat it poses to your project.
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